Sirius XM Holdings Inc. (NASDAQ:SIRI) Shares Sold by Evergreen Capital Management LLC

Evergreen Capital Management LLC trimmed its position in shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,690 shares of the company’s stock after selling 1,366 shares during the quarter. Evergreen Capital Management LLC’s holdings in Sirius XM were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SIRI. Union Bancaire Privee UBP SA acquired a new stake in shares of Sirius XM in the 4th quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new stake in Sirius XM in the fourth quarter valued at $30,000. Geneos Wealth Management Inc. boosted its position in shares of Sirius XM by 574.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,343 shares of the company’s stock worth $31,000 after purchasing an additional 1,144 shares in the last quarter. Gables Capital Management Inc. acquired a new position in shares of Sirius XM during the 4th quarter worth $43,000. Finally, Avior Wealth Management LLC increased its holdings in shares of Sirius XM by 670.4% in the 4th quarter. Avior Wealth Management LLC now owns 2,080 shares of the company’s stock valued at $47,000 after purchasing an additional 1,810 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Up 1.1 %

Shares of NASDAQ SIRI opened at $20.31 on Friday. The firm’s 50 day moving average price is $22.96 and its 200 day moving average price is $24.10. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.42 and a current ratio of 0.42. The firm has a market cap of $6.88 billion, a P/E ratio of -3.17, a price-to-earnings-growth ratio of 0.79 and a beta of 0.98. Sirius XM Holdings Inc. has a 1 year low of $18.69 and a 1 year high of $41.60.

Sirius XM (NASDAQ:SIRI) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Sirius XM had a positive return on equity of 13.44% and a negative net margin of 24.03%. As a group, sell-side analysts anticipate that Sirius XM Holdings Inc. will post 3.2 earnings per share for the current year.

Sirius XM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 9th will be given a $0.27 dividend. The ex-dividend date is Friday, May 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.32%. Sirius XM’s dividend payout ratio is presently -16.85%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SIRI. Seaport Res Ptn upgraded shares of Sirius XM from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Morgan Stanley reduced their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Thursday, January 23rd. Barrington Research set a $28.00 target price on Sirius XM in a report on Friday, January 31st. Guggenheim cut their price target on Sirius XM from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Finally, Rosenblatt Securities lowered their price objective on shares of Sirius XM from $29.00 to $24.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Six investment analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sirius XM has a consensus rating of “Hold” and an average price target of $26.81.

Sirius XM Company Profile

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.